Matrix Asset Advisors Boosted Cisco Systems (CSCO) Stake; Shorts at Extraction Oil & Gas (XOG) Lowered By 16.06%

January 13, 2018 - By Vivian Park

Matrix Asset Advisors Inc increased Cisco Systems Inc (CSCO) stake by 3.44% reported in 2017Q3 SEC filing. Matrix Asset Advisors Inc acquired 21,353 shares as Cisco Systems Inc (CSCO)’s stock declined 7.50%. The Matrix Asset Advisors Inc holds 642,206 shares with $21.60 million value, up from 620,853 last quarter. Cisco Systems Inc now has $202.05B valuation. The stock increased 1.92% or $0.77 during the last trading session, reaching $40.87. About 23.77M shares traded or 19.70% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 13, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Extraction Oil & Gas Incorporated (NASDAQ:XOG) had a decrease of 16.06% in short interest. XOG’s SI was 10.24M shares in January as released by FINRA. Its down 16.06% from 12.20 million shares previously. With 1.32M avg volume, 8 days are for Extraction Oil & Gas Incorporated (NASDAQ:XOG)’s short sellers to cover XOG’s short positions. The stock decreased 0.91% or $0.13 during the last trading session, reaching $14.16. About 1.90M shares traded or 31.26% up from the average. Extraction Oil & Gas, Inc. (NASDAQ:XOG) has 0.00% since January 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Extraction Oil & Gas, Inc., an independent gas and oil company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountains regions, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. The company has market cap of $2.44 billion. As of December 31, 2016, it had approximately 109,400 net acres of contiguous acreage blocks in the productive areas of DJ Basin; held approximately 113,700 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 238.1 MMBoe; and had 1,014 gross producing wells. It currently has negative earnings. The firm was founded in 2012 and is headquartered in Denver, Colorado.

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Cisco Systems Inc. had 135 analyst reports since August 4, 2015 according to SRatingsIntel. Piper Jaffray maintained the shares of CSCO in report on Tuesday, October 10 with “Buy” rating. The stock has “Neutral” rating by JP Morgan on Wednesday, April 6. Citigroup maintained the shares of CSCO in report on Thursday, November 16 with “Buy” rating. The firm earned “Buy” rating on Tuesday, November 24 by Suntrust Robinson. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, November 15. On Thursday, August 18 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was maintained by Jefferies with “Buy” on Wednesday, August 2. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, May 15. The company was downgraded on Monday, February 8 by Goldman Sachs. Zacks downgraded the shares of CSCO in report on Tuesday, August 4 to “Buy” rating.

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